[1]
|
Belcredi, M. and Rigamonti, S. (2008) Ownership and Board Structure in Italy (1978-2003). Proceedings of the EFMA Annual Meeting, Athens, 25-28 June 2008, 1-36.
|
[2]
|
Abdel-khalik, A.R. (2002) Reforming Corporate Governance Post Enron: Shareholders’ Board of Trustees and the Auditor. Journal of Accounting and Public Policy, 21, 97-103. http://dx.doi.org/10.1016/S0278-4254(02)00040-6
|
[3]
|
Revsine, L. (2002) Enron: Sad but Inevitable. Journal of Accounting and Public Policy, 21, 137-145.
http://dx.doi.org/10.1016/S0278-4254(02)00044-3
|
[4]
|
Blair, M.M. (2002) Post Enron Reflections on Comparative Corporate Governance. Business, Economics and Regulatory Law—Working Paper No. 316663, Georgetown University Law Centre, Washington DC.
|
[5]
|
Palepu, K. and Healy, P.M. (2003) The Fall of Enron. Journal of Economic Perspectives, 17, 3-26.
http://dx.doi.org/10.2139/ssrn.417840
|
[6]
|
Berle, A. and Means, G. (1932) The Modern Corporation and Private Property. Commerce Clearing House, New York.
|
[7]
|
Shleifer, A. and Vishny, R. (1997) A Survey of Corporate Governance. Journal of Finance, 52, 737-783.
http://dx.doi.org/10.1111/j.1540-6261.1997.tb04820.x
|
[8]
|
Jensen, M.C. and Meckling, W.H. (1976) Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics, 3, 305-360. http://dx.doi.org/10.1016/0304-405X(76)90026-X
|
[9]
|
Fama, E.F. and Jensen, M.C. (1983) Separation of Ownership and Control. Journal of Law and Economics, 26, 301- 325. http://dx.doi.org/10.1086/467037
|
[10]
|
Keasey, K., Thompson, S. and Wright, M. (1997) Corporate Governance: Economic and Financial Issues. Oxford University Press, Norfolk.
|
[11]
|
Fama, E.F. (1980) Agency Problems and the Theory of the Firm. Journal of Political Economy, 88, 288-307.
http://dx.doi.org/10.1086/260866
|
[12]
|
Hermalin, B.E. and Weisbech, M.S. (1991) The Effects of Board Composition and Direct Incentives on Firm Performance. Papers 91-02, Business-Financial Research and Policy Studies, Rochester.
|
[13]
|
Bhagat, S. and Black, B. (2001) The Non-Correlation between Board Independence and Long Term Firm Performance. Journal of Corporation Law, 27, 231-274.
|
[14]
|
Dulecwicz, V. and Herbert, P. (2004) Does the Composition and Practice of Boards of Directors Bear Any Relationship to the Performance of their Companies? Corporate Governance: An International Review, 12, 263-280.
http://dx.doi.org/10.1111/j.1467-8683.2004.00368.x
|
[15]
|
Pfeffer, J. (1972) Size and Composition of Corporate Boards of Directors: The Organization and Its Environment. Administrative Science Quarterly, 17, 218-228. http://dx.doi.org/10.2307/2393956
|
[16]
|
Yermack, D. (1996) High Market Valuation of Companies with a Small Board of Directors. Journal of Financial Economics, 40, 185-211. http://dx.doi.org/10.1016/0304-405X(95)00844-5
|
[17]
|
Muth, M. and Donaldson, L. (1998) Stewardship Theory and Board Structure: A Contingency Approach. Corporate Governance: An International Review, 6, 2-28. http://dx.doi.org/10.1111/1467-8683.00076
|
[18]
|
Agrawal, A. and Knoeber, C.R. (1999) Outside Directors, Politics, and Firm Performance.
http://ssrn.com/abstract=85310
|
[19]
|
Dehaene, A., De Vuyst, V. and Ooghe, H. (2001) Corporate Performance and Board Structure in Belgian Companies. Long Range Planning, 34, 383-398. http://dx.doi.org/10.1016/S0024-6301(01)00045-0
|
[20]
|
Kiel, G.C. and Nicholson, G.J. (2003) Board Composition and Corporate Performance: How the Australian Experience Informs Contrasting Theories of Corporate Governance. Corporate Governance: An International Review, 11, 189-205.
http://dx.doi.org/10.1111/1467-8683.00318
|
[21]
|
Dalton, D.R., Daily, C.M., Johnson, J.L. and Ellstrand, A.E. (1999) Number of Directors and Financial Performance: A Meta-Analysis. The Academy of Management Journal, 42, 674-686. http://dx.doi.org/10.2307/256988
|
[22]
|
Eisenberg, T., Sundgren, S. and Wells, M.T. (1998) Larger Board Size and Decreasing Firm Value in Small Firms. Journal of Financial Economics, 48, 35-54. http://dx.doi.org/10.1016/S0304-405X(98)00003-8
|
[23]
|
Lipton, L. and Lorsch, J. (1992) A Modest Proposal for Improved Corporate Governance. The Business Lawyer, 48, 59-77.
|
[24]
|
Jensen, M.C. (1993) The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems. The Journal of Finance, 48, 831-880. http://dx.doi.org/10.2307/2329018
|
[25]
|
Boyd, B.K. (1995) CEO Duality and Firm Performance: A Contingency Model. Strategic Management Journal, 16, 301-312. http://dx.doi.org/10.1002/smj.4250160404
|
[26]
|
Dalton, D.R., Daily, C.M., Ellstrand, A.E. and Johnson, J.L. (1998) Meta-Analytic Reviews of Board Composition, Leadership Structure, and Financial Performance. Strategic Management Journal, 19, 269-290.
http://dx.doi.org/10.1002/(SICI)1097-0266(199803)19:3<269::AID-SMJ950>3.0.CO;2-K
|
[27]
|
Vafeas, N. and Theodorou, E. (1998) The Relationship between Board Structure and Firm Performance in the UK. The British Accounting Review, 30, 383-407. http://dx.doi.org/10.1006/bare.1998.0075
|
[28]
|
Dowen, R.J. (1995) Board Director Quality and Firm Performance. International Journal of the Economics of Business, 2, 123-132. http://dx.doi.org/10.1080/758521100
|
[29]
|
Klein, A. (1998) Firm Performance and Board Committee Structure. Journal of Law and Economics, 16, 275-303.
http://dx.doi.org/10.1086/467391
|
[30]
|
Wild, J.J. (1994) Managerial Accountability to Shareholders: Audit Committees and the Explanatory Power of Earning for Returns. British Accounting Review, 26, 353-374. http://dx.doi.org/10.1006/bare.1994.1024
|
[31]
|
Brown, L.D. and Caylor, M.L. (2004) Corporate Governance and Firm Performance. http://ssrn.com/abstract=586423
|
[32]
|
Morck, R., Shleifer, A. and Vishny, R.W. (1988) Management Ownership and Market Valuation. Journal of Financial Economics, 20, 293-315. http://dx.doi.org/10.1016/0304-405X(88)90048-7
|
[33]
|
McConnell, J.J. and Servaes, H. (1990) Additional Evidence on Equity Ownership and Corporate Value. Journal of Financial Economics, 27, 595-612. http://dx.doi.org/10.1016/0304-405X(90)90069-C
|
[34]
|
Holderness, C., Kroszner, R. and Sheehan, D. (1999) Were the Good Old Days That Good? Changes in Managerial Stock Ownership since the Great Depression. Journal of Finance, 54, 435-469.
http://dx.doi.org/10.1111/0022-1082.00114
|
[35]
|
Short, H. and Keasey, K. (1999) Managerial Ownership and the Performance of Firms: Evidence from the UK. Journal of Corporate Finance, 5, 79-101. http://dx.doi.org/10.1016/S0929-1199(98)00016-9
|
[36]
|
Lins, K. (2002) Equity Ownership and Firm Value in Emerging Markets. Journal of Financial and Quantitative Analysis, 38, 159-184. http://ssrn.com/abstract=331320
http://dx.doi.org/10.2307/4126768
|
[37]
|
La Porta, R., Lopez-de-Sinales, F., Shleifer, A. and Vishny, R. (2002) Investor Protection and Corporate Valuation. Journal of Finance, 57, 1147-1170. http://dx.doi.org/10.1111/1540-6261.00457
|
[38]
|
Demsetz, H. and Villalonga, B.(2001) Ownership Structure and Corporate Performance. Journal of Corporate Finance, 7, 209-233. http://dx.doi.org/10.1016/S0929-1199(01)00020-7
|
[39]
|
Volpin, P. (2002) Governance with Poor Investor Protection: Evidence from Top Executive Turnover in Italy. Journal of Financial Economics, 64, 61-90. http://dx.doi.org/10.1016/S0304-405X(02)00071-5
|
[40]
|
Denis, D.K. and McConnell, J.J. (2003) International Corporate Governance. Finance Working Paper No. 5/03, ECGI.
|
[41]
|
Bianco, M. and Casavola, P. (1999) Italian Corporate Governance: Effects on Financial Structure and Firm Performance. European Economic Review, 43, 1057-1069. http://dx.doi.org/10.1016/S0014-2921(98)00114-7
|
[42]
|
Bianchi, M., Bianco, M. and Enriques, L. (2002) Pyramidal Groups and the Separation between Ownership and Control in Italy. In: Barca, F. and Becht, M., Eds., The Control of Corporate Europe, Oxford University Press, Oxford, 154-188. http://dx.doi.org/10.1093/0199257531.003.0006
|
[43]
|
La Porta, R., Lopez-de-Sinales, F. and Shleifer, A. (1998) Corporate Ownership around the World. NBER Working Paper No. W6625. http://ssrn.com/abstract=226343
|
[44]
|
Faccio, M. and Lang, L.H.P. (2002) The Ultimate Ownership of Western European Corporations. Journal of Financial Economics, 65, 365-395. http://dx.doi.org/10.1016/S0304-405X(02)00146-0
|
[45]
|
Holderness, C. and Sheehan, D. (1988) The Role of Majority Shareholders in Publicly Held Corporations. Journal of Financial Economics, 20, 317-346. http://dx.doi.org/10.1016/0304-405X(88)90049-9
|
[46]
|
Anderson, R. and Reeb, D.M. (2003) Founding Family Ownership and Firm Performance: Evidence from the S&P 500. Journal of Finance, 58, 1301-1329. http://dx.doi.org/10.1111/1540-6261.00567
|
[47]
|
Villalonga, B. and Amit, R.H. (2004) How Do Family Ownership, Control, and Management Affect Firm Value? AFA 2005 Philadelphia Meetings; EFA 2004 Maastricht Meetings Paper No. 3620. http://ssrn.com/abstract=556032
|
[48]
|
Ben-hamar, W. and André, P. (2005) Separation of Ownership from Control and Acquiring Firm Performance: The Case of Family Ownership in Canada. http://ssrn.com/abstract=676352
|
[49]
|
Górriz, C.G. and Fumás, V.S. (2005) Family Ownership and Performance: The Net Effect of Productive Efficiency and Growth Constraints. Finance Working Paper No. 66/05, ECGI.
|
[50]
|
Barontini, R. and Caprio, L. (2005) The Effect of Family Control on Firm Value and Performance: Evidence from Continental Europe. Finance Working Paper No. 88/05, ECGI.
|
[51]
|
Kocenda, E. and Svejnar, J. (2002) The Effects of Ownership Forms and Concentration on Firm Performance after Large-Scale Privatization. William Davidson Institute Working Papers Series, No. 471a.
|
[52]
|
Grünfeld, L.A., Benito, G.R.G. and Goldeng, E. (2004) The Inferior Performance of State Owned Enterprises: Is It Due to Ownership or Market Structure? NUPI Working Paper No. 663. http://ssrn.com/abstract=741787
|
[53]
|
Tian, L. and Estrin, S. (2005) Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value? IZA Discussion Paper Series No. 1493.
|
[54]
|
Lemmon, M. and Lins, K. (2001) Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crises. William Davidson Institute Working Papers Series, No. 393.
|
[55]
|
Melis, A. (1998) Corporate Governance in Europe. An Empirical Analysis of the Italian Case among Non Financial Listed Companies. Working Paper. http://ssrn.com/abstract=168728
|
[56]
|
Tobin, J. (1969) A General Equilibrium Approach to Monetary Theory. Journal of Money, Credit and Banking, 1, 15- 29. http://dx.doi.org/10.2307/1991374
|
[57]
|
Aganin, A. and Volpin, P. (2003) History of Corporate Ownership in Italy. Finance Working Paper No. 17/03, ECGI.
|
[58]
|
Bianchi, M. and Bianco, M. (2006) Italian Corporate Governance in the Last 15 Years: From Pyramids to Coalitions. Finance Working Papers No. 144/2006, ECGI. http://ssrn.com/abstract_id=952147
|
[59]
|
Yaffee, R. (2002) Robust Regression Analysis: Some popular Statistical Package Options. ITS, New York University, New York.
|